Calumet Inc

Calumet Specialty Products Partners LP engages in the production of specialty hydrocarbon products. It operates through the following segments: Specialty Products, Fuel Products and Corporate. The Specialty Products segment produces lubricating oils, solvents, waxes, synthetic lubricants and other products. The Fuel Products segment is involved in the processing of crude oil into fuel and fuel-related products, including unleaded gasoline, diesel, and jet fuel, asphalt and other products. The Corporate segment consists of general and administrative expenses not allocated to the specialty products or fuel products segments. The company was founded on September 27, 2005 and is headquartered in Indianapolis, IN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Calumet Specialty Products Partners achieves record EBITDA, eyes growth opportunities

Calumet Specialty Products Partners reported strong financial performance in 2022, driven by specialty business growth and strategic focus on sustainability. While facing challenges in certain segments, the company is well-positioned for growth with opportunities in financing, expansion, and investments. Management's emphasis on innovation, collaboration, and financial discipline bodes well for future success.

Calumet Specialty Products Partners excels in Q1 earnings and growth strategies

Calumet Specialty Products Partners delivered a strong performance in Q1 2023, driven by robust earnings in specialty businesses and operational achievements at Montana Renewables.
The company's focus on debt reduction and potential IPO plans for Montana Renewables reflect strategic initiatives aimed at enhancing financial stability and growth prospects.
While facing challenges in sustaining growth momentum and executing debt reduction strategies, Calumet Specialty Products Partners remains poised to capitalize on opportunities for expansion and value creation.

Calumet Specialty Products Partners reports solid Q2 performance and growth opportunities

Calumet Specialty Products Partners showcased strong performance in Q2 2023, with notable achievements in Montana Renewables and Performance Brands businesses.
Despite challenges like severe weather impacting production, the company remains focused on growth opportunities and strategic initiatives.
With a focus on high-value applications and upcoming projects like MaxSAF expansion, Calumet is positioning itself for future success and profitability.

Calumet Specialty Products Partners reports strong Q3 performance and SAF growth opportunities

Calumet Specialty Products Partners showcased solid financial performance and progress in strategic transformation in Q3 2023.
Despite challenges such as operational issues and CFO transition, the company is well-positioned for growth and innovation in the SAF production sector.
Opportunities in producing Sustainable Aviation Fuel in North America and leveraging regulatory support mechanisms present avenues for future success.

Calumet transitions to C-Corp, excels in SAF production amid challenges

Calumet's Q4 performance reflects resilience amid challenges, with a strategic focus on sustainable aviation fuel production and debt management.
The company's conversion to a C-Corp aims to attract more investors and enhance shareholder value, supported by key growth initiatives.
Despite setbacks and challenges, Calumet is actively pursuing opportunities in SAF production, debt reduction, and market expansion for renewable products.

Calumet reports mixed Q1 results, focuses on growth opportunities

Calumet Specialty Products Partners reported mixed Q1 2024 results, with operational challenges at Montana Renewables but strength in Performance Brands and specialties business.
The company is focused on deleveraging, reducing debt levels, and proving the competitive advantage of Montana Renewables to attract investors.
Despite industry challenges and uncertainties, Calumet sees opportunities in the SAF sector, potential transactions, and the C-Corp conversion.
Investor sentiment is positive towards the C-Corp conversion, with expectations of increased trading liquidity and new institutional investors.

Calumet Inc reports robust Q2 earnings, eyes renewable energy growth

Calumet Inc's Q2 performance reflects strong financial results and operational achievements across its specialty and renewable businesses.
The company's focus on driving shareholder value through the C-Corp conversion and debt reduction efforts is evident in its strategic initiatives.
While facing challenges in regulatory monitoring and funding for expansion projects, Calumet remains optimistic about growth opportunities in renewable energy markets.

Calumet Inc (CLMT) reports robust Q3 performance and strategic advancements

Calumet Inc (CLMT) demonstrated strong financial performance and strategic advancements in Q3 2024, positioning the company for continued growth and value creation.
Management's focus on deleveraging, organic growth, and potential asset sales underscores a commitment to enhancing shareholder value and financial stability.
Analyst inquiries highlighted areas of interest and potential challenges, signaling a need for continued operational excellence and strategic decision-making.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Calumet, Inc. engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by a unique integrated complex in Northwest Louisiana. The Performance Brands segment includes a fast-growing portfolio of high-quality, high performing brands. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Corporate segment focuses on the general and administrative expenses not allocated to the Montana/Renewables, Specialty Products and Solutions, or Performance Brands segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.

Calumet Specialty Products Partners, L.P. (CLMT) CEO Steve Mawer on Q3 2021 Results - Earnings Call Transcript

INDIANAPOLIS, Nov. 5, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the third quarter ended September 30, 2021, as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (Dollars in millions, except per unit data) Net income (loss) $ 51.5 $ (56.1) $ (173.0) $ (66.9) Net income (loss) per unit $ 0.64 $ (0.70) $ (2.15) $ (0.83) Adjusted EBITDA $ 58.8 $ 34.7 $ 85.7 $ 183.5 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended September 30, Three Months Ended September 30, Three Months Ended September 30, 2021 2020 2021 2020 2021 2020 (Dollars in millions, except per barrel data) Gross profit (loss) $ 74.0 $ 0.5 $ 16.6 $ 22.0 $ 42.7 $ (6.0) Adjusted gross profit $ 52.9 $ 20.8 $ 14.4 $ 24.0 $ 26.1 $ 5.7 Adjusted EBITDA $ 46.3 $ 23.2 $ 6.8 $ 18.9 $ 24.4 $ 9.7 Gross profit (loss) per barrel $ 15.30 $ 0.10 $ 137.19 $ 169.23 $ 16.03 $ (2.18) Adjusted gross profit per barrel $ 10.94 $ 4.17 $ 119.01 $ 184.62 $ 9.80 $ 2.07 Specialty Products and Solutions Performance Brands Montana/Renewables Nine Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 2021 2020 (Dollars in millions, except per barrel data) Gross profit $ 43.4 $ 26.8 $ 56.5 $ 59.7 $ 10.5 $ 18.0 Adjusted gross profit $ 95.4 $ 122.4 $ 55.2 $ 63.1 $ 41.5 $ 58.3 Adjusted EBITDA $ 75.9 $ 125.6 $ 30.1 $ 47.1 $ 35.2 $ 64.9 Gross profit per barrel $ 3.20 $ 1.68 $ 143.04 $ 157.11 $ 1.35 $ 2.29 Adjusted gross profit per barrel $ 7.04 $ 7.65 $ 139.75 $ 166.05 $ 5.35 $ 7.42 "Our team made excellent progress on many fronts in the third quarter," said CEO Steve Mawer.

Calumet Specialty Products Partners, L.P. Reports Third Quarter 2021 Results

INDIANAPOLIS, Oct. 26, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today that it plans to report results for the fiscal third quarter 2021 on November 5, 2021.

Calumet Specialty Products Partners, L.P. to Release Third Quarter 2021 Results on November 5, 2021

Calumet Specialty Products Partners, L.P. (CLMT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Calumet Specialty Products Partners, L.P. (CLMT) Is Attractively Priced Despite Fast-paced Momentum

Calumet updated its spring storm losses, which adds to investor confidence for strong future performance. Montana renewables progress remains steady and on time for the spring of 2022 startup.

Frantic Buying At Calumet Specialty Products

Calumet Specialty Products Partners, L.P. (CLMT) was a big mover last session on higher-than-average trading volume.

Strength Seen in Calumet Specialty Products Partners, L.P. (CLMT): Can Its 9.3% Jump Turn into More Strength?

INDIANAPOLIS, Oct. 4, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT), today announced that senior management will virtually participate in Deutsche Bank's 29th Annual Leveraged Finance Conference on October 5 th and 6th, 2021.

Calumet Specialty Products Partners, L.P. to attend 29th Annual Deutsche Bank Leveraged Finance Conference

INDIANAPOLIS, Sept. 9, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. to Present at the H.C.

Calumet updated, with extremely positive news, its progress on RND at Great Falls.

For Calumet, Progress Marches

GREAT FALLS, Mont., Aug. 19, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P.

Calumet Montana Refining and Governor Gianforte to Cut Ribbon on First Delivery of Renewable Feedstock

Calumet Specialty Products Partners, L.P. (CLMT) CEO Steve Mawer on Q2 2021 Results - Earnings Call Transcript

INDIANAPOLIS, Aug. 6, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the second quarter ended June 30, 2021, as follows: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (Dollars in millions, except per unit data) Net income (loss) $ (78.4) $ 3.6 $ (224.5) $ (10.8) Net income (loss) per unit $ (0.97) $ 0.05 $ (2.79) $ (0.13) Adjusted EBITDA $ 32.3 $ 57.0 $ 26.9 $ 148.8   Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, 2021 2020 2021 2020 2021 2020 (Dollars in millions, except per barrel data) Gross profit (loss) $ 7.7 $ 32.2 $ 16.4 $ 22.4 $ (5.0) $ 9.9 Adjusted gross profit $ 38.0 $ 31.9 $ 16.6 $ 23.2 $ 15.8 $ 15.5 Adjusted EBITDA $ 31.8 $ 33.4 $ 7.3 $ 17.6 $ 12.8 $ 23.0 Gross profit (loss) per barrel $ 1.55 $ 6.13 $ 123.31 $ 183.61 $ (1.93) $ 3.80 Adjusted gross profit per barrel $ 7.65 $ 6.08 $ 124.81 $ 190.16 $ 6.11 $ 5.95   Specialty Products and Solutions Performance Brands Montana/Renewables Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 2021 2020 (Dollars in millions, except per barrel data) Gross profit (loss) $ (30.6) $ 26.3 $ 39.9 $ 37.7 $ (32.2) $ 24.0 Adjusted gross profit $ 42.5 $ 101.6 $ 40.8 $ 39.1 $ 15.4 $ 52.6 Adjusted EBITDA $ 29.6 $ 102.4 $ 23.3 $ 28.2 $ 10.8 $ 55.2 Gross profit (loss) per barrel $ (3.51) $ 2.39 $ 145.62 $ 150.80 $ (6.33) $ 4.70 Adjusted gross profit per barrel $ 4.87 $ 9.23 $ 148.91 $ 156.40 $ 3.03 $ 10.31   "We saw exceptionally strong demand during the second quarter.

Calumet Specialty Products Partners, L.P. Reports Second Quarter 2021 Results

INDIANAPOLIS, July 19, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the fiscal second quarter 2021 on August 6, 2021.

Calumet Specialty Products Partners, L.P. to Release Second Quarter 2021 Results on August 6, 2021

INDIANAPOLIS , June 9, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT), today announced that senior management will participate in the Bank of America Merrill Lynch 2021 Energy Credit Conference on Wednesday, June 9, 2021.

Calumet Specialty Products Partners, L.P. to attend the Bank of America Merrill Lynch 2021 Energy Credit Conference

Calumet experienced a once-in-a-lifetime ugly quarter brought on by unprecedented weather.

For Calumet, It's The Good, The Bad And The Ugly

Calumet Specialty Products Partners, L.P. (CLMT) CEO Steve Mawer on Q1 2021 Results - Earnings Call Transcript

INDIANAPOLIS, May 7, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the first quarter ended March 31, 2021, as follows: Three Months Ended March 31, 2021 2020 (Dollars in millions, except per unit data) Net loss $ (146.1) $ (14.4) Net loss per unit $ (1.82) $ (0.18) Adjusted EBITDA $ (5.4) $ 91.8 "Our first quarter results reflect lower plant production volumes due to severe winter storms in the Gulf Coast region as well as scheduled maintenance at Shreveport.

Calumet Specialty Products Partners, L.P. Reports First Quarter 2021 Results

INDIANAPOLIS, April 23, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us") announced today that it plans to report results for the fiscal first quarter 2021 on May 7, 2021.

Calumet Specialty Products Partners, L.P. to Release First Quarter 2021 Results on May 7, 2021

Key fuel spreads have soared in the past few months opening a hedging opportunity for Calumet. Calumet may have a secondary path toward solving its potential 2023 bond issue.

Calculating The Colossal Tailwinds Pushing Calumet Forward

Ardelyx

Babcock & Wilcox Enterprises

Leaf Group Ltd

Pacific Mercantile Bancorp

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Sizzling Stocks to Buy Under $10 With Sizable Upside Potential

Calumet Specialty Products Partners, L.P. (CLMT) CEO Steve Mawer on Q4 2020 Results - Earnings Call Transcript

INDIANAPOLIS, March 3, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of petroleum-based specialty products, today reported results for the fourth quarter and year ended...

Calumet Specialty Products Partners, L.P. Reports Fourth Quarter and Year End 2020 Results

Calumet plans to keep and grow all of its specialty business. Through upgrading the Great Falls Refinery into a fuel production facility, RIN's issues disappear.

Digesting Calumet's Huge News

INDIANAPOLIS, Feb. 18, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. ("Calumet," the "Partnership" or the "Company") (NASDAQ: CLMT) today announced that Jennifer G. Straumins has been elected as a director of Calumet GP, LLC, the general partner of the Partnership,...

Calumet Specialty Products Partners, L.P. Elects Jennifer G.

INDIANAPOLIS, Feb. 17, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us") announced today that it plans to report results for the fiscal fourth quarter and full year 2020 on March 3, 2021. A conference call to...

News for Calumet Inc Stock (CLMT)